CalPERS committed $1.5 billion in two infrastructure funds, according to a report for the $365.1 billion pension plan's June 17 investment committee meeting.
California Public Employees Retirement System, Sacramento, committed $1 billion to GIP Strategic Alliance SMA I, a separately managed account managed by Global Infrastructure Partners. The portfolio focuses on core infrastructure in developed markets including the U.S.
Separately, CalPERS committed $500 million to JP Morgan Infrastructure Investments Fund, an open-end infrastructure fund managed by J.P. Morgan Asset Management.
